Cambodia Implements the International Monetary Funds Enhanced General Data Dissemination System

Stocks and Financial Services Press Releases Thursday May 31, 2018 09:04
IMF--31 May--International Monetary Fund

Cambodia has launched a National Summary Data Page (NSDP) in implementing the recommendations of the Enhanced General Data Dissemination System (e-GDDS). The NSDP is a national data portal that serves as a one-stop vehicle for publishing essential macroeconomic data in both human and machine-readable formats. Cambodia has benefitted from a project on the Improvement of Data Dissemination in the Asia and Pacific Region, financed by the government of Japan, which aims to assist countries to promote data dissemination under IMF's data standards initiatives. The NSDP is hosted by the National Bank of Cambodia (NBC) on its website, utilizing the Statistical Data and Metadata Exchange (SDMX). A link to Cambodia's NSDP is available on the IMF's Dissemination Standards Bulletin Board at: https://dsbb.imf.org/Pages/GDDS/CtyCtgList.aspx?ctycode=KHM.

Publication of essential macroeconomic data through the NSDP will provide national policy makers and a broad range of domestic and international stakeholders, including investors and rating agencies, with easy access to information that the IMF's Executive Board has identified as critical for monitoring economic conditions and policies. Making this information simultaneously available to all users will bring greater data transparency.

To mark this major milestone in Cambodia's statistical development, H.E. Mrs. Hang Lina, Director General of National Institute of Statistics of Cambodia noted that "The implementation of the e-GDDS would facilitate our efforts to achieve our goal of advancing the National Strategic Development Plan for Statistics 2019-2023."

Louis Marc Ducharme, Director of the IMF's Statistics Department, welcomed this major milestone in the country's statistical development. "I congratulate the authorities of Cambodia for the launch of the NSDP, an important step forward in data dissemination. I am confident that Cambodia will benefit from using the e-GDDS as a framework for further development of its statistical system."

Background

The e-GDDS was endorsed by the IMF's Executive Board in May 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance. The e-GDDS supersedes the GDDS, which was established in 1997. A link to the country's NSDP is available on the IMF's Dissemination Standards Bulletin Board (DSBB) athttps://dsbb.imf.org.

Watch this short video which gives a broad overview of the benefits of the e-GDDS.

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